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052286 CC BR Min . . . CITY OF SHOREWOOD BOARD OF REVIEW THURSDAY, MAY 22, 1986 COUNCIL CHAMBERS 5755 COUNTRY CLUB ROAD 7:30 PM M I NUT E S CALL TO ORDER Shorewood city Council convened as the Shorewood Board of Review at 7:37 PM on May 22, 1986 in the Council Chambers to review the assessed valuation placed on real estate property in Shorewood. ROLL CALL Present: Mayor Rascop, Councilmembers Haugen, Shaw, Stover and Gagne Staff: Administrator Vogt, Clerk Kennelly, City Assessors Rolf Erickson, Dave Wilde, Rita Gunderian and Hennepin County Assessor Kermit Benson REQUESTS The following property owners came before the Council for review of their assessed valuations. Minnetonka Country Club 33-117-23-31-0004 24575 Smithtown Road Bohden Witrak presented a packet of information consisting of other golf courses in Hennepin County, a method of calculating values of courses, ranking of best courses, location of peat areas and member- ship fee comparison list. Mr. Witrak stated that the Clubs current valuation is $705,000 with an increase of 161% proposed in the next 2 years to a total of $1,847,000. Mr. Witrak introduced Bob Martin, a retired head of the Hennepin County assessors, to represent the golf courses in their opposition to the enormous valuation increase. They feel that there is no uniformity to the increases. They pointed out discrepancies on the valuations placed on the courses in comparison with each other. Martin referred to the Minnesota Open Space property tax law and felt that these valu- ations did not comply with the law. Council reviewed the material submitted, and asked various questions of the assessor. Haugen moved, seconded by Gagne, to table a discussion on this matter until all the material submitted can be reviewed. Reconvening of the Board of Review will be at 5:00 PM on June 9, 1986. Motion carried - 5 ayes. 29-117-23-34-0011 Tim Sexton 5335 Elm Ridge Circle Mr. Sexton went over his valuation since 1975. He doesn't feel his valuation should increase over his last years at $270,000. This was a reduction from the assessor valuation for 1986. The 1987 was placed at $290,000, a 7% increase. . . . CITY OF SHOREWOOD BOARD OF REVIEW THURSDAY, MAY 22, 1986 page two Tim Sexton - continued 33-117-23-34-0011 Haugen moved, seconded by Gagne, to reduce his valuation to $270,400 ($150,000 Buildings/$120,40o Land). Motion carried - 5 ayes. 35-117-23-33-0024 Tim and Colleen Brown 22055 Stratford Place Mrs. Brown submitted a plat map of the lots surrounding her property with the land valuations listed on the lots. The lots with buildings were valued around $40,000, with the vacant land set at $19,800. They felt this was a definate discrepancy. The assessor will review these valuations and correct them. Council took no action to reduce Brown's valuation. John Hotvet 29-117-23-34-0012 26420 Edgewood Road Mr. Hotvet indicated that the Council had reduced his valuation for 1986 from $282,000 to $265,900. The 1987 value was placed at $283,700 and he is asking for a reduction of that value. Haugen moved, seconded by Stover, to reduce the valuation to $258,900. The assessor objected to a reduction lower than the 1986 rate. Haugen withdrew her motion, seconded by Stover. Rascop moved, seconded by Haugen, to set the valuation at $266,900. ($146,900 Building - $120,000 Land). Motion carried - 5 ayes. ADJOURNMENT Haugen moved, seconded by Shaw, to adjourn this meeting at 10:05 PM and to continue the Board of Review to 5:00 PM on June 9th, 1986. Motion carried - 5 ayes. RESPECTFULLY SUBMITTED Sandra L Kennelly City Clerk